Credit Review

Front

How can a young adult build a credit rating? Options: Charge card, Savings account , Cell phone account , All of the above 

Back

All of the above 

Front

What is a lease?

Back

A legal contract granting use of an apartment for a set period of time.

Front

Who is the landlord of a property?

Back

The individual that receives payments for renting an apartment.

Front

Who is the tenant of a property?

Back

The individual who is renting the apartment

Front

Who is responsible for damages caused by the renters of an apartment?

Back

Tenant

Front

Your rent includes all utilities. The cost of utilities is $120.00 a month and your rent is $650.00. What is the total cost to the lessee per month?

Back

$650.00

Front

Why is a background check necessary for renting?

Back

To check a person’s credit rating, to know a person’s work history, and to check a person’s financial stability.

Front

A monthly budget should include a portion of your salary to go into savings for emergencies.

Back

True

Front

Why is it best to keep your money in a bank account?

Back

Money in a bank account is insured by the federal government.

Front

What are the benefits of having a banking account? ATM card, Online bill pay, Access to bank statements to track money

Back

All of the above